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Dec 31, 2012
12/12
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we are just hours away from falling off the so-called fiscal cliff. tax hikes for nearly every american. lots of different ones. spending cuts of totaling more than a trillion dollars. by all indications, nothing, we mean nothing has changed on capitol hill. senate majority leader harry reid saying significant distance remains between the two sides. good morning everyone, i'm gregg jarrett in for bill hemmer here in "america's newsroom.". >> i'm heather childers in for martha maccallum the senate gavels in at 11:00 a.m. we'll see if there was some miracle overnight. gregg: i doubt that. yesterday, republican senate leader mitch mcconnell made an emergency call to the vice president joe biden in an evident to jump-start negotiations. heather: if no deal is haed out today, majority leader reid says he will call a vote on a separate white house plan that reflects's original proposal. gregg: chief correspondent mike emanuel kicks off the coverage. mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, th
we are just hours away from falling off the so-called fiscal cliff. tax hikes for nearly every american. lots of different ones. spending cuts of totaling more than a trillion dollars. by all indications, nothing, we mean nothing has changed on capitol hill. senate majority leader harry reid saying significant distance remains between the two sides. good morning everyone, i'm gregg jarrett in for bill hemmer here in "america's newsroom.". >> i'm heather childers in for martha...
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Dec 26, 2012
12/12
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he is heading back from hawaii to washington tonight to work on a deal to avoid the fiscal cliff. with only days left before the automatic tax hikes and spending cuts kick in, is a compromise even possible? stephen hayes joins us. senior writer, "the weekly standard." is it possible? >> hey, gregg. yeah, look, i think it's possible. i thought all along for more than a month we were likely to see some last minute, slap dash kind of unsatisfying deal thrown to won't actually do anything to solve the long-term problems but get politicians out of the bind. gregg: like what? >> like something that extends the bush tax rates for those making $250,000 in the last, maybe amt patch, but won't deal with entitlement spending won't deal with long term issues we have to deal with as a country if we're actually serious about changing the trajectory of our debt. gregg: i'll sure you saw john barosso who said the president is eager to go over the cliff. he wants to go over the cliff. what do you think? >> well i think there are political incentives for the president to do just that. if you think
he is heading back from hawaii to washington tonight to work on a deal to avoid the fiscal cliff. with only days left before the automatic tax hikes and spending cuts kick in, is a compromise even possible? stephen hayes joins us. senior writer, "the weekly standard." is it possible? >> hey, gregg. yeah, look, i think it's possible. i thought all along for more than a month we were likely to see some last minute, slap dash kind of unsatisfying deal thrown to won't actually do...
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Dec 5, 2012
12/12
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martha: west virginia senator joe manchin, a democrat discussing the fiscal cliff, social security within medicare. he believes they must be run more efficiently. >> last year the office of budget management says $115 billion was misspent. that's a tremendous savings right there. they are both much lower than everyone says we need. all economists say we need a minimum of $4 trillion or greater swing. that means a combining of many things. i think both of them are in the two or not much more than two or lower than two. that only goats you halfway there. i don't know how we got off track of what we really need to fix this. martha: he argues the economy is ready to take off if people would just stop playing the blame game. bill: one of the changes that may be coming is the reduction in the mortgage interest rate duck you can claim. but according to the i.r.s. only a small percentage of americans claim it after all. all. 37% in maryland and 15% in north dakota. 73 per of americans are opposed to changing that. martha: the owner of popular restaurant chains claims complaints about obama-care h
martha: west virginia senator joe manchin, a democrat discussing the fiscal cliff, social security within medicare. he believes they must be run more efficiently. >> last year the office of budget management says $115 billion was misspent. that's a tremendous savings right there. they are both much lower than everyone says we need. all economists say we need a minimum of $4 trillion or greater swing. that means a combining of many things. i think both of them are in the two or not much...
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Jul 13, 2012
07/12
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it address as portion of the so-called fiscal cliff. let's do it now. let's continue to debate the issues where we, whether it is, contention and disagreement. >> reporter: how big is virginia? well the ad-spending between the two campaigns has been huge. the third most ad spending of any of the states in this election cycle. bottom line, it is a critical state and so, that is why president obama has been there 15 times since announcing he was running for re-election, bill. bill: if you live in virginia, watching tv get used to these ads, man. also in the virginia the threat of these automatic spending cuts facing the military which is a big issue in the southeastern part of that state how does it play, bill? >> reporter: no question, bill. the norfolk area has the world's largest naval base. automatic defense cuts due to start in the new year would cut the navy to the smallest it has been since 1915. you have tens of thousands of defense contractors who are expecting they will be getting layoff notice unless congress and white house can work out a deal
it address as portion of the so-called fiscal cliff. let's do it now. let's continue to debate the issues where we, whether it is, contention and disagreement. >> reporter: how big is virginia? well the ad-spending between the two campaigns has been huge. the third most ad spending of any of the states in this election cycle. bottom line, it is a critical state and so, that is why president obama has been there 15 times since announcing he was running for re-election, bill. bill: if you...
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Mar 1, 2012
03/12
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under current law on january 1st, 2013, there will be a massive fiscal cliff of large spending cuts and tax increases. martha: a massive fiscal cliff, in the words of ben bernanke. fox business network's stuart varney, anchor of "varney & company" joins me now. stuart, just as people are starting to feel things are getting a little bit better, ben bernanke with a stern warning. >> you are dead right. recently the economic news has been generally positive. looked like things were looking up. but just in the last few days we started to get some negative signs so that the green shoots of optimism may be trampled on all over again. you heard from ben bernanke just a moment ago. throw this into the mix as well. housing prices still falling. now down to a 10-year low. can't remember that before. big orders at factories falling sharply recently. and we've got a big drop in orders from factories. plus the gas price spike. that has not yet hit the overall economy. so the question is, where are we going with this economy? and the answer is, it is not as good as we thought it was over the last few
under current law on january 1st, 2013, there will be a massive fiscal cliff of large spending cuts and tax increases. martha: a massive fiscal cliff, in the words of ben bernanke. fox business network's stuart varney, anchor of "varney & company" joins me now. stuart, just as people are starting to feel things are getting a little bit better, ben bernanke with a stern warning. >> you are dead right. recently the economic news has been generally positive. looked like things...
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Nov 2, 2012
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business leaders i talked to are worried about the future, the fiscal cliff, all the automatic spending cuts. martha: how does that translate? >> it translates yes easy. martha: if you wake up in the morning and president obama has four more years or if you wake up in the morning and governor romney has been elected what do you expect the reaction to be. >> here is the thing, by the way, this is business reaction we'll take the market out of it. business leaders are worried about president obama because the chances particularly of a fiscal cliff situation where you have automatic cuts, automatic tax increases are greater because he's going to be in opposition with republicans who are in congress and that's where you have they are at lagger heads they can't reach a deal and the automatic spending cuts go in. let's just face it president obama has run on a platform of increasing the size of government and raising taxes, that is not the thing you need when you have an economy recovering this slowly. martha: charlie, thank you. we'll see you soon. >> all right. bill: fox news alert now beca
business leaders i talked to are worried about the future, the fiscal cliff, all the automatic spending cuts. martha: how does that translate? >> it translates yes easy. martha: if you wake up in the morning and president obama has four more years or if you wake up in the morning and governor romney has been elected what do you expect the reaction to be. >> here is the thing, by the way, this is business reaction we'll take the market out of it. business leaders are worried about...
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Dec 18, 2012
12/12
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and come up with a balanced plan to avoid the fiscal cliff of mandatory tax increases and spending cuts. turns out the republicans were probably going to be apprehensive about it, but mr. boehner went into the meeting with alternative. he is concerned about the calendar. so far inability to break the jog lam on a real deal here. the distance between the two sides. as a consequence he told his members he has got a plan b. i want to read remarks we know he is saying behind closed doors to his fellow republicans. he will say or has said, quote, for weeks senate republicans and a growing number of you, meaning house republicans have been pushing for us to pivot to a plan b i think there is better way but the white house can't seem to bring to a balanced approach and time is running short. taxes are going up on everyone january 1st. they are baked into current law and we have to stop whatever rate increase we can in the absence of alternative this morning, this morning a modified plan b is the plan. that plan b boehner is proposing to house republicans could would be vote in the house to ext
and come up with a balanced plan to avoid the fiscal cliff of mandatory tax increases and spending cuts. turns out the republicans were probably going to be apprehensive about it, but mr. boehner went into the meeting with alternative. he is concerned about the calendar. so far inability to break the jog lam on a real deal here. the distance between the two sides. as a consequence he told his members he has got a plan b. i want to read remarks we know he is saying behind closed doors to his...
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Sep 28, 2012
09/12
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meanwhile the country is heading towards what has been talked about so much, the fiscal cliff that will kick in when we get into 2013, when the bush tax cuts expire and we've got 600 billion in spending cuts waiting around the corner. bob woodward talked about this. he talked about the efforts to avoid the fist alcliff and basically said that his reporting reveals that they have hit a wall because the president has a failure to community with lawmakers according to bob woodward, here is what he said. >> most of the most astonishing things is he doesn't have that relationship with his party leaders, harry reid has to go into the oval office with his chief of staff to make a point to the president that on these negotiations they didn't have a fullback plan. martha: can we get anywhere with any of this is the big question. tucker carlson shows me editor of "the daily callerrer" and a contribut fox news contributor and i'm joined by charles payne. nice to have you both. it's very distress tog a lot of peopling to a lot of people to look at the growth number and feel that it's not being disc
meanwhile the country is heading towards what has been talked about so much, the fiscal cliff that will kick in when we get into 2013, when the bush tax cuts expire and we've got 600 billion in spending cuts waiting around the corner. bob woodward talked about this. he talked about the efforts to avoid the fist alcliff and basically said that his reporting reveals that they have hit a wall because the president has a failure to community with lawmakers according to bob woodward, here is what he...
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Nov 8, 2012
11/12
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the fiscal cliff is $440 billion of taxes and $200 billion spending cuts. that is had% of gdp when we're growing one 1/2 2% growth rates. going over the full fiscal cliff is recipe for recession, no question about it. bill: he also says that the most important thing right now for the president to do is reach out to congressional leaders including two of those key republicans, house speaker john boehner, senate minority leader mitch mcconnell. martha: virginia governor bob mcdonnell reacting to the election loss saying the republican party must find a way to better solve their core political message and the delivery. here it is. >> the outrage to newer, voters, minority voters, bret, we got pretty well clobbered across the board. i believe our conservative ideas are better for all those groups, all those people. we have to be more effective. i think our message is better. when young people looking crushing national debt, not being able to get a job when they get out of college i think our message resonates we have to be more effective getting to them early.
the fiscal cliff is $440 billion of taxes and $200 billion spending cuts. that is had% of gdp when we're growing one 1/2 2% growth rates. going over the full fiscal cliff is recipe for recession, no question about it. bill: he also says that the most important thing right now for the president to do is reach out to congressional leaders including two of those key republicans, house speaker john boehner, senate minority leader mitch mcconnell. martha: virginia governor bob mcdonnell reacting to...
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Jun 8, 2012
06/12
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now there are two big, what we call fiscal cliffs this economy is going over an january 1st. one is the spending cuts which i actually think will help the economy. you showed the debt clock. my gosh, we have $15.5 trillion national debt. we have it start bringing the deficit down. the other one is the tax rate increases. i think, gregg, those are the bigger problem for the economy because i don't think the economy can take the blow of higher capital gains, higher dividend, higher investment taxes next year. >> i think it is $55 billion in defense spending will be cut and rest of it, up to 109 billion. >> right. gregg: would be domestic programs, right? >> but remember --. gregg: does that mean lost jobs? >> no. gregg: no lost jobs over that. >> there will be some dislocation cutting spending but if you agree with the premise that one of the greatest problems in our nation is national debt and overspending in washington when will we get serious about it. i've been in washington, gregg, for 30 years. they always say cut spending now and we'll get to it. these cuts are exactly t
now there are two big, what we call fiscal cliffs this economy is going over an january 1st. one is the spending cuts which i actually think will help the economy. you showed the debt clock. my gosh, we have $15.5 trillion national debt. we have it start bringing the deficit down. the other one is the tax rate increases. i think, gregg, those are the bigger problem for the economy because i don't think the economy can take the blow of higher capital gains, higher dividend, higher investment...
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Jul 18, 2012
07/12
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over a fiscal cliff. >> the fiscal decision should take into account the fragility of the recovery. that recovery could be endangered by the confluence of tax increases and spending reductions that will take effect early next year if no legislative action is taken. bill: that warning was stern. john thune, chairman of the republican conference. good morning to you, senator and welcome back. >> good morning. bill: i imagine what he said did not surprise you. what rang true? what was his bottom line warning? >> i think he said two things, bill. he said what will impact, first off he said the economy is slowing. we're not creating as many jobs not even enough to keep up with population growth. what is causing that of course is the drama in europe. and secondly the fiscal cliff which we don't disagree with. the fiscal cliff is a very real issue that is impacting our economy not only next year but this year. according to the congressional budget office it could cost us 1.3% of the economic growth in the first six months of next year. what is interesting about it, however, there are all t
over a fiscal cliff. >> the fiscal decision should take into account the fragility of the recovery. that recovery could be endangered by the confluence of tax increases and spending reductions that will take effect early next year if no legislative action is taken. bill: that warning was stern. john thune, chairman of the republican conference. good morning to you, senator and welcome back. >> good morning. bill: i imagine what he said did not surprise you. what rang true? what was...
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Sep 14, 2012
09/12
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we talk about the fiscal cliff. there he is with john boehner yesterday afternoon. this postpones what was shaping up to be another showdown over the government shutdown after the election. the new deadline will be in the spring as soon as the senate aproves it next week and on and on kicking the can wherever it goes down the road. bill: that is the sound you heard on the sidewalk, right? so where are we now with these rapid developments in the middle east and north africa? and what about the u.s. response? randy forbes, republican from virginia and member of the house armed services committee. well kel. what are we going to do about this? >> bill, obviously the first thing we have to do is assess all the facts and make sure we have those before we make any kind of reaction but i think what we're going to see that the administration foreign policy is collapsing across the world right now. the president came in and told us people in the middle east would love us more. i don't think exactly what we're seeing when we look at these news clips. the other thing we're find
we talk about the fiscal cliff. there he is with john boehner yesterday afternoon. this postpones what was shaping up to be another showdown over the government shutdown after the election. the new deadline will be in the spring as soon as the senate aproves it next week and on and on kicking the can wherever it goes down the road. bill: that is the sound you heard on the sidewalk, right? so where are we now with these rapid developments in the middle east and north africa? and what about the...
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Nov 12, 2012
11/12
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i think people are confuse bed this whole discussion are fiscal cliff. there are two issues. it's the issue we've been talking about about the big tax increase the president wants but what nobody is talking about is how about cuts in government spending? we've seen the biggest increase in the size of the federal government in the last four years since any time since the end of world war 2. i think the american people are saying, isn't it about time we make cuts in spending in the idea of cutting government spending next year is going to hurt the economy is exactly wrong. what the economy needs actually right now is to shrink the public sector to grow the private sector. gregg: doug, to steve's point on that public, even if you increase taxes on those households earning more than $250,000 you probably saw the report by the joint committee on taxation, i mean they said that is only going to decrease the $1.1 trillion deficit by 7%. i mean that is really not much. >> that is absolutely right. again, raising taxes is at this point in time a triumph of politics over economic commo
i think people are confuse bed this whole discussion are fiscal cliff. there are two issues. it's the issue we've been talking about about the big tax increase the president wants but what nobody is talking about is how about cuts in government spending? we've seen the biggest increase in the size of the federal government in the last four years since any time since the end of world war 2. i think the american people are saying, isn't it about time we make cuts in spending in the idea of...
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Dec 20, 2012
12/12
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both parties hoping for an agreement to avoid going over fiscal cliff. president obama, house speaker john boehner are leaving door for more negotiations. if they do not reach an agreement, tax hikes affecting all americans and drastic spending cuts take effect. a house vote is set today for speaker boehner's plan b. senate democrats said it has no chance of passing on senate side. that is challenge. we'll get a live report what is happening with that in few moment. >> we have a brand new snapshot on the unemployment situation in the country. number of americans applying for unemployment benefits rising the first time in four weeks up 17,000, to seasonally adjusted 361,000 walked into unemployment offices around the country and filed for very first time out of a job and ready to collect. let's bring in stuart varney, the anchor of "varney & company" on the fox best network. stuart, good morning. what do you think of this number today. >> we're bumbling along. we're bumbling along, same ol' same ol'. we're repeating same pattern. economy looks okay in the
both parties hoping for an agreement to avoid going over fiscal cliff. president obama, house speaker john boehner are leaving door for more negotiations. if they do not reach an agreement, tax hikes affecting all americans and drastic spending cuts take effect. a house vote is set today for speaker boehner's plan b. senate democrats said it has no chance of passing on senate side. that is challenge. we'll get a live report what is happening with that in few moment. >> we have a brand new...
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Oct 15, 2012
10/12
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this is based on a premise that fiscal cliff will go away. think there should be a another problem premise should be considered that is election result. there is possible much stronger economic growth next year if we put in place tax reform that is what the forecasts from the economists ignore. they're not counting in the possible results of election victory by republicans and mitt romney. martha: it appears incorporating status quo in terms of policy. one of the things that really caught my eye in this report, stuart, 55% of the economists think we won't reach the fiscal cliff. why? bush tax cuts will not be allowed to expire. even for the wealthiest. and also because they saw no significant cuts in spending. said the cuts that were spending would create this fiscal are never going to happen which does not bode well many would say for the future either. >> these economists simply can not believe politicians of either stripe would actually let america raise taxes and or lower spending at the a time which our economy is very, very week. that w
this is based on a premise that fiscal cliff will go away. think there should be a another problem premise should be considered that is election result. there is possible much stronger economic growth next year if we put in place tax reform that is what the forecasts from the economists ignore. they're not counting in the possible results of election victory by republicans and mitt romney. martha: it appears incorporating status quo in terms of policy. one of the things that really caught my...
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Nov 16, 2012
11/12
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economy go over, oh, boy, that so-called fiscal cliff? hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios why? because i'm gonna make the call to switch to a new medicare prescription drug plan. i want a plan that covers the medications i take. and i want getting my medications to be convenient. and i want low copays. really low copays. [ male announcer ] choose an aarp medicarerx plan from unitedhealthcare. unitedhealthcare understands your needs. that's why when you switch you'll say hello to savings... hello to value... hello to a part d plan that's there for you. enroll right over the phone or call now for your free information kit. it includes this guide to part d and aarp medicarerx plans. i can choose a plan with no deductible or low monthly premiums. either way, i can use my savings for other, better things. oh yeah, my wife's birthday is coming up. [ male announcer ] open enrollment ends december 7th. so call
economy go over, oh, boy, that so-called fiscal cliff? hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios why? because i'm gonna make the call to switch to a new medicare prescription drug plan. i want a plan that covers the medications i take. and i want getting my medications to be convenient. and i want low copays. really low copays. [ male announcer ] choose an aarp...
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Nov 15, 2012
11/12
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it is so-called fiscal cliff. put it up on the screen. 158 million americans would be affected by this. the average household, $3500 a year in tax increases. you're talking about 88% of the households are going to see tax increases. if i read the cbo report correctly, they say this will drive us right back into another huge recession, right? >> well you've got two cbo reports. the one you're referring to says, yes, you go over that fiscal cliff, massive tax increases and big spending cuts. you will go into recession. a separate report looks just at what happens if we raise taxes on the top 2%. just on the rich, the top 2%. if we do that, we lose 200,000 jobs next year. factor that into the employment situation, gregg. it's not pretty. gregg: it is not. stuart varney, thanks very much. there is the number, a lot of zeros after that too. stuart, thanks very much. martha: put it in context for you. since december of 2007, weekly jobless claims stayed above 300,000. you can see the big spike in early 2009. economist s
it is so-called fiscal cliff. put it up on the screen. 158 million americans would be affected by this. the average household, $3500 a year in tax increases. you're talking about 88% of the households are going to see tax increases. if i read the cbo report correctly, they say this will drive us right back into another huge recession, right? >> well you've got two cbo reports. the one you're referring to says, yes, you go over that fiscal cliff, massive tax increases and big spending...
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Nov 23, 2012
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big entitlement spending, the grand bargain as it's called. gregg: yeah. >> but i would just throw in for your consideration, gregg, that what you're seeing now is, um, you know, a desire on the part of republicans politically to say to the american people we're not stuck. we're willing to do what's best for the country right now, and that's why we're going to give you something. we're going to say, yes, we're making some con educations -- concessions, we're compromising. and that will put president obama on the defensive to make the big cuts that brad and other republicans want. so it may with just now what you're seeing from chambliss is smart politics. gregg: all right. brad blakeman, juan williams, gentlemen, great to see you both. >> have a great weekend. jenna: well, thanksgiving at halle berry's house turns into a melee, cops were called at the home of the academy award-winning actress. we'll tell you why. gregg: plus, a potential upgrade from the postal service. why you could now receive your packages within hours. ♪ this is how momm
big entitlement spending, the grand bargain as it's called. gregg: yeah. >> but i would just throw in for your consideration, gregg, that what you're seeing now is, um, you know, a desire on the part of republicans politically to say to the american people we're not stuck. we're willing to do what's best for the country right now, and that's why we're going to give you something. we're going to say, yes, we're making some con educations -- concessions, we're compromising. and that will...
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Sep 10, 2012
09/12
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the president says he is willing to make a deal to keep america from going over a fiscal cliff. we're at that point again. where does this all stand? we'll be right back in "america's newsroom" with more. [ female announcer ] want to spend less and retire with more? then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can help you build a personalized plan. and with our no annual fee iras and a wide range of low cost investments, you can execute the plan you want at a low cost. so meet with us, or go to etrade.com for a great retirement plan with low cost investments. ♪ i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insu
the president says he is willing to make a deal to keep america from going over a fiscal cliff. we're at that point again. where does this all stand? we'll be right back in "america's newsroom" with more. [ female announcer ] want to spend less and retire with more? then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can help you build a personalized plan. and with our...
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Nov 30, 2012
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that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to the senate, it went 98-0 against it. no one voted for it. melissa: well, that was kind of a tricky parliamentary issue as well but, i do take issue with one thing, the idea we haven't dealt with entightments. we had two years, a year and a half we debated medicare. we made significant changes in medicare. we just had a campaign which republicans including governor romney time after time after time charged that we had cut $616 billion in spending out of medicare and we reformed the program. we have looking toward new ways t
that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to...
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Dec 28, 2012
12/12
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now that we're days away from actually going off the fiscal cliff where these automatic massive spending cuts as well as large tax increases got into effect you have to have low expectations. it appears the white house is very confident in waiting for the republicans to make the next move. they keep saying inside the white house this is up to the republicans. they're the impediment here. when you listen to senate republican leader mitch mcconnell he basically said yesterday when he got a phone call from the president two nights ago it was the first time he heard from a democrat about the fiscal cliff negotiations, whether the president, senator reid or others in about a month, around thanksgiving. with the democrats not reaching out to senator mcconnell for a month, doesn't seem like they have been pushing very hard for a deal, gregg. gregg: has the bickering between reid and boehner sort of poisoned the negotiations past the point that, you know, maybe this meeting will help at all? >> reporter: it may have because it's really, we've seen tensions escalate ever since before christmas wh
now that we're days away from actually going off the fiscal cliff where these automatic massive spending cuts as well as large tax increases got into effect you have to have low expectations. it appears the white house is very confident in waiting for the republicans to make the next move. they keep saying inside the white house this is up to the republicans. they're the impediment here. when you listen to senate republican leader mitch mcconnell he basically said yesterday when he got a phone...
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Jun 12, 2012
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a lot of people are saying it will bring us to a fiscal cliff. i won't be surprised if the administration comes up with new ideas. we'll see what they do on thursday. senator, thank you. always good to see you. >> have a good day. rick: coming up in a few minutes at the top of the hour "happening now." my buddy general a jenna lee has a look. >> reporter: the great recession slashing the net worth of the american family to levels not seen in 20 years. how will we recover? we'll have the white house that sk question. if the supreme court strikes down the healthcare law which candidates benefits in november? you may be surprised as to what analysts think about that. one city is taking on sugary drinks. will we see this as a trend across america and will it work? big questions today on "happening now" coming up in a few moments. [ male announcer ] you sprayed them. thought they were dead. huh? [ male announcer ] should've used roundup. it kills weeds to the root, so they don't come back. roundup. no root. no weed. no problem. [ slap! ] [ slap! slap!
a lot of people are saying it will bring us to a fiscal cliff. i won't be surprised if the administration comes up with new ideas. we'll see what they do on thursday. senator, thank you. always good to see you. >> have a good day. rick: coming up in a few minutes at the top of the hour "happening now." my buddy general a jenna lee has a look. >> reporter: the great recession slashing the net worth of the american family to levels not seen in 20 years. how will we recover?...
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Oct 26, 2012
10/12
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but maybe they wanted to get it done before we hit the fiscal cliff. maybe it is to boost economic output before the election. which is certainly what i suspect some republicans are going to say. i do not think this is a number that you can boost with the obama campaign, and it continues a sense that we are in a very slow and tepid recovery. martha: when you look at some of these polls out there, president obama below the 50% level. when you look historically, that is a significant place for an incumbent to be. when you go state by state in the swing states, president obama does seem to maintain a slim edge in several of those. how close do you think this is going to go? how is the over all things dealing to you at this point, 11 days out, chris? >> one of two things is going to happen. either it will be a nail biter right to the end, if i had to guess, that is what i guess it would be. it is so close in these swing states, but it really is a question of turnout. if it is one or two points, it doesn't matter. at that point, it becomes a matter of groun
but maybe they wanted to get it done before we hit the fiscal cliff. maybe it is to boost economic output before the election. which is certainly what i suspect some republicans are going to say. i do not think this is a number that you can boost with the obama campaign, and it continues a sense that we are in a very slow and tepid recovery. martha: when you look at some of these polls out there, president obama below the 50% level. when you look historically, that is a significant place for an...
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Nov 20, 2012
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we are less than six weeks from the fiscal cliff that we've been discussing a lot in recent days. what exactly is on the chopping block, in terms of real spending cuts as they start to make some kind of negotiations here we hope. chief congressional correspondent michaele salahi emanuel is live. 16trillion and counting is the debt. what are she's lawmakers perhaps making cuts in. >> you can cut individual perhaps from congressional spending but it won't amount to what is needed. here is what to cut starting with entitlements. >> if you're 14 years old and you're hoping you'll have medicare or social security the future looks very, very bleak for you unless we deal with this issues. there are a number of things that can be done but you've got to start with what is driving the cost. >> i'm not being critical but the department of defense can in my estimation have some cuts, and it's not fatal at all, because there has been a large growth as far as the contracting, and the amount of private contractors, and the amount of money we pay private contractors. >> reporter: both senators ar
we are less than six weeks from the fiscal cliff that we've been discussing a lot in recent days. what exactly is on the chopping block, in terms of real spending cuts as they start to make some kind of negotiations here we hope. chief congressional correspondent michaele salahi emanuel is live. 16trillion and counting is the debt. what are she's lawmakers perhaps making cuts in. >> you can cut individual perhaps from congressional spending but it won't amount to what is needed. here is...
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Dec 10, 2012
12/12
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regardless of what happens in this immediate negotiation to avoid the so-called fiscal cliff and the reason is this. for a longtime, martha, we were able to increase entitlement benefits, keep taxes relatively low, because the economy, over time, grew fast enough to produce enough revenue to mean that we could kind of have it both ways. those day, at least for now, appear to be over. and we are increasingly borrowing to cover our governmental expenses and our entitlement state and all the rest of it. and it's an unsustainable debt burden. how hard it hits us is a matter of some debate or how soon. at this point we will not be able to go on like this. this sort of model if you could call it that is broken and it's going to mean there is a long struggle here to finance the government and get control of the debt, and i don't see it ending any time soon regardless of what happens here. martha: a lot of people talk about leadership and what they see as a lack of leadership on the president's part in this issue. i spoke a little while ago with senator lindsey graham and he said that the pr
regardless of what happens in this immediate negotiation to avoid the so-called fiscal cliff and the reason is this. for a longtime, martha, we were able to increase entitlement benefits, keep taxes relatively low, because the economy, over time, grew fast enough to produce enough revenue to mean that we could kind of have it both ways. those day, at least for now, appear to be over. and we are increasingly borrowing to cover our governmental expenses and our entitlement state and all the rest...
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Dec 27, 2012
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that is entirely separate from fiscal cliff, totally separate from the debt ceiling crisis. i don't think, patti anne, you will have any impact on mortgage rates despite the crisis that is upon us. patti ann: that is good news for us. stuart varney, thank you as always. >> thank you. gregg: the debt ceiling first established in 1917. since then the debt limit has been raised 102 times, congress voted to raise the debt limit, 11 times since 2001. right now the national debt is over 16 trillion dollars and counting every second. there it is. patti ann: meanwhile hopes of a budget deal in washington and higher home prices are combining to send the price of oil back up again. heating oil rising four cents to more than $3 a gallon. wholesale gasoline rising six cents to $2.78 a gallon. current national average is $3.26. national gas up 4 cents to 3.38 for 1000 cubic feet. gregg: we are taking a dangerous winter storm blamed for nine death at this hour. that storm is slamming the northeast. this is video from worcester, massachusetts. this was actually this morning. you can see wh
that is entirely separate from fiscal cliff, totally separate from the debt ceiling crisis. i don't think, patti anne, you will have any impact on mortgage rates despite the crisis that is upon us. patti ann: that is good news for us. stuart varney, thank you as always. >> thank you. gregg: the debt ceiling first established in 1917. since then the debt limit has been raised 102 times, congress voted to raise the debt limit, 11 times since 2001. right now the national debt is over 16...
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Nov 26, 2012
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cliff which is fundamentally a huge tax increase and very little spending cuts. so we're facing this huge automatic tax increase that needs to be changed and it is going to take all of us working together because it would damage this economy if we have this kind of huge tax increase. but our democratic colleagues, all they want to talk about is, more taxes, more taxes, more revenue. they will not telling us where the money is going? they're not assuring that the money will be used to pay down the debt like it is suggested. so we need to see those numbers, what they planned, before any discussion is appropriate it seems to me. martha: you know, i mean, does take it from both sides. if you look at the republican side, basically they want to see cuts in spending and real entitlement reform and perhaps revenue that comes from the relief of some loopholes that are out there so that, bob corker i know has suggested maybe there be a $50,000 cap on the amount of deductions you can take in your taxes. republicans want to get there that way, not by raising any rates, corre
cliff which is fundamentally a huge tax increase and very little spending cuts. so we're facing this huge automatic tax increase that needs to be changed and it is going to take all of us working together because it would damage this economy if we have this kind of huge tax increase. but our democratic colleagues, all they want to talk about is, more taxes, more taxes, more revenue. they will not telling us where the money is going? they're not assuring that the money will be used to pay down...
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Aug 22, 2012
08/12
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fox news alert on the road to the fiscal cliff as your don't races toward the $16 trillion mark. the nonpartisan congressional budget office, the cbo about to release a report on the u.s. government deficit and government spending. will there be any good news? i'm bill hemmer. welcome to "america's newsroom". martha: hi, bill. >> you look lovely. we got the cobwebs out yesterday. martha: hello, everybody at home. i'm martha maccallum. we'll get the report. we'll provide the most up-to-date prediction we have how close we are to the fiscal cliff. bill: and how close to a double-dip recession. the percentage has gone higher. stuart varney from "varney & company" on the fox business network. good morning to you. this out in an hour. what will it forecast? >> there are +++2 you have some negatives out there. i'm not sure what this 10:00 report will show us but the fundamental background is still negative on the u.s. economy. bill: last quarter we grew what, 1.5%? >> that's correct. bill: that is measely. >> that is very weak indeed. bill: fiscal cliff concerns in europe and china. wh
fox news alert on the road to the fiscal cliff as your don't races toward the $16 trillion mark. the nonpartisan congressional budget office, the cbo about to release a report on the u.s. government deficit and government spending. will there be any good news? i'm bill hemmer. welcome to "america's newsroom". martha: hi, bill. >> you look lovely. we got the cobwebs out yesterday. martha: hello, everybody at home. i'm martha maccallum. we'll get the report. we'll provide the most...
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Jul 30, 2012
07/12
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heather: also about that fiscal cliff that we are spiraling towards. >> yes it is. heather: thank you so much for joining us congresswoman blackburn. >> good to be with you, header, thank you. bill: on monday morning did you see what happened on friday? the dow was booming for a couple days last week. up about 188 on the close friday. breaking and finishing above 13,000 for the first time since early may. watching the markets right now. just teasing right now. it is up four or five points. it is early. we'll see which way we go. heather: early and police on high alert in several states after threats on a dozen wal-mart stores. the phone calls that put officers in action. bill: a standing ovation for one fired up congressman on the floor of the house. we will debate this message. >> i urge all my colleagues on both sides of the aisle, this is not a left or right issue. this is an american issue. i urge you to rise today and vote for hr 4078. let's let america get back to work! our current dividend tax rate will expire this year, sending taxes through the roof and hin
heather: also about that fiscal cliff that we are spiraling towards. >> yes it is. heather: thank you so much for joining us congresswoman blackburn. >> good to be with you, header, thank you. bill: on monday morning did you see what happened on friday? the dow was booming for a couple days last week. up about 188 on the close friday. breaking and finishing above 13,000 for the first time since early may. watching the markets right now. just teasing right now. it is up four or five...
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Nov 29, 2012
11/12
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the deal is to avoid a series of tax increases, and spending cuts that many believe would be a fiscal cliff that would kick in on january the 1st. chief congressional correspondent mike emanuel is watching it all unfold on capitol hill. what do we know about the visit about the expectations for what might happen during it. >> reporter: martha, timothy geithner arrived here on capitol hill a short time ago to meet first with senate majority leader harry reid. we know he's having individual meetings with the top four leaders of congress. what republicans have said they want to hear, and republicans will be critical, because they need republican support to get any final fiscal cliff deal through the senate, and also through the house, they say they hope that he's coming with concrete spending cut ideas that are acceptable to the administration. one of the meetings today will be with senate republican leader mitch mcconnell who a short time ago sounded pretty fired up. >> the only reason democrats are insisting on raising rates is because raising rates on the so-called rich is the holy gr
the deal is to avoid a series of tax increases, and spending cuts that many believe would be a fiscal cliff that would kick in on january the 1st. chief congressional correspondent mike emanuel is watching it all unfold on capitol hill. what do we know about the visit about the expectations for what might happen during it. >> reporter: martha, timothy geithner arrived here on capitol hill a short time ago to meet first with senate majority leader harry reid. we know he's having individual...
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Dec 21, 2012
12/12
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the house has already passed bills addressing the fiscal cliff. we passed a bill of replacing the president's sequester with responsible spending cuts and did it last may. we passed a bill that stop all the tax hikes on the american people scheduled to take effect january the 1st, and we did that on august the 1st. and we proposed plans over and over again that democrats used to support but now they won't. i don't want taxes to go up. republicans don't want taxes to go up. but we only run the house. the democrats continue to run washington. what the president has proposed so far simply won't do anything to solve our spending problem. he wants more spending, and more tax hikes that will hurt our economy. and he simply won't deal honestly with entitlement reform and the big issues that are facing our country. we need significant spending cuts and real tax reform to address our long-term debt problem and pave the way for long-term growth and real growth in jobs in our country. we'll continue to work with our colleagues in the house and the senate on
the house has already passed bills addressing the fiscal cliff. we passed a bill of replacing the president's sequester with responsible spending cuts and did it last may. we passed a bill that stop all the tax hikes on the american people scheduled to take effect january the 1st, and we did that on august the 1st. and we proposed plans over and over again that democrats used to support but now they won't. i don't want taxes to go up. republicans don't want taxes to go up. but we only run the...
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May 23, 2012
05/12
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is this the fiscal cliff people are talking about? >> it is. there is a big pileup at end of the year. all the tax rates are going up. marginal tax rates. dividends tax rates. estate tax. all these tax provisions expire. you've got this sequester which is going to take effect that would put draconian cuts into the defense budget and frankly that is a result of congress not having passed a budget in three years. the reason we got a sequester for the third consecutive year now the senate has not acted on a budget. this is what you end up with. that happens at end of the year. debt limit increase happens at end of the year. it will be very, very difficult if all these things come up in the haze of a lame-duck session of congress to make a lot of sense of it to the american people. i think, in our best interest to move and get some of these things addressed now as opposed to waiting till then. bill: how possible is that because i'm only hearing gridlock again, especially on the senate side? >> well i think that, ply hope would be at least we could
is this the fiscal cliff people are talking about? >> it is. there is a big pileup at end of the year. all the tax rates are going up. marginal tax rates. dividends tax rates. estate tax. all these tax provisions expire. you've got this sequester which is going to take effect that would put draconian cuts into the defense budget and frankly that is a result of congress not having passed a budget in three years. the reason we got a sequester for the third consecutive year now the senate...
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May 7, 2012
05/12
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cliff. martha: a couple being called the mini madoffs ripping off the vulnerable and spending a decade on the run. how u.s. marshals finally caught up with those two. ♪ band on the run. band on the run. the band on the run. band on the run. ♪ more good times... in louisiana we had more fun on the water. last season we broke all kinds of records on the gulf. this year we are out to do even better... and now is a great time to start. our beatches are even more relaxing... the fishing's great. so pick your favorite spotn the gulf... and come on down. brought to you by bp and all of us who call the gulf home. kiss those lines goodbye! discover juvÉderm® xc, the smooth gel filler your doctors uses to instantly smooth out those parentheses lines around your nose and mouth for up to a year! temporary side effects include redness, pain, firmness, swelling, bumps or risk of infection. lose those lines! the way you look with juvÉderm® xc, might just change the way you look at everything. ask y
cliff. martha: a couple being called the mini madoffs ripping off the vulnerable and spending a decade on the run. how u.s. marshals finally caught up with those two. ♪ band on the run. band on the run. the band on the run. band on the run. ♪ more good times... in louisiana we had more fun on the water. last season we broke all kinds of records on the gulf. this year we are out to do even better... and now is a great time to start. our beatches are even more relaxing... the fishing's great....